Macroeconomic Forecast Egypt

October 2006 | Macroeconomic Forecasts

All the signs point to higher growth for FY06 (2005/06) than we had previously anticipated, and we have revised upwards our previous forecast of 5.7% to 6.8% for this year. The economy exhibited strong real GDP growth of 5.8% y-o-y in the first half of the year (July to December 2005), and the annualised growth for the first three quarters of the year back up our forecast.

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